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Investment Overview
Asset Type
46-Unit Ground-Up Multifamily Development
Location
467 Tunxis Hill Road – Fairfield, Connecticut
Site Area
0.57 acres
Total Building Area
44,665 sq ft (Total Residential SF)
Zoning
Approved under CT §8-30g
Investment Structure
Investor & Lender Offering Memorandum
Projected Hold
Not Specified
Sponsor
New England Coastal
Development Program
Residential Component
The project includes 46 total residential units, featuring a mix of market-rate and deed-restricted affordable housing.
- 32 Market-Rate Units
- 12 Affordable 1BR / 1BA Units
- 2 Affordable 2BR / 1BA Units
Parking & Accessibility
The residential program includes 46 thoughtfully designed units aligned with strong regional rental demand.
- 24 tenant storage lockers
- EV-ready charging infrastructure
- 54 total garage spaces (20 on Level 1, 36 on Level 2)
- 5 minutes to Fairfield Metro-North train station and a public transportation bus line
Entitlements & Approvals
Completed & Secured
- Full §8-30g approval with vested rights.
- Exempt from Fairfield’s 4-year development moratorium.
- Neighborhood appeal fully settled; no litigation risk.
- Architectural, civil, traffic, and landscaping plans approved.
Remaining Approvals
- Shovel-ready for immediate construction financing and permitting.
Market Fundamentals
- Housing undersupply in Fairfield County due to restrictive zoning.
- Development moratorium limits new competing supply.
- Strong NYC commuter demand (5-min to Metro-North).
- 30.4% affordable set-aside may unlock favorable financing.
- Mid-market location with solid demand and low vacancy.
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Sponsor
Meet The Sponsor Team
Christopher DiPreta
Acquisition & Management
Brian Barbosa
Acquisition & Operations
Jack Moses
Construction & Development
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